Word: costs
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Dates: during 1970-1979
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...Olin Stephens, the master 12-meter designer, has been gaining on Courageous (also a Stephens design) as the matches have progressed. Its San Diego-based skipper, Lowell North, 47, suffered from lack of experience in Atlantic waters during the June matchups. An expensive -and unsuccessful-experiment with new sailcloth cost North additional precious tune. Poor crew coordination and tactical blunders-committed as North turned over the helm to scamper about the deck fiddling with fittings and adjusting the rigging and sails-worsened matters...
...defenses is about as difficult as doing a hard Sunday crossword puzzle." One computer, protected by a five-digit code number, was illegally entered in minutes when the thief ordered the computer to begin trying every one of the 100,000 possible combinations. But tighter security would cost both money and time. Says Robert Courtney of I.B.M. "If you're running thousands of transactions a day, you don't want to spend ten seconds or so every time arguing with the computer about who you are." Some manufacturers are experimenting with personal passwords, such as fingerprints, voice prints...
...Treasury officials contend, is that the American economy has been growing at a much more rapid rate than its trading partners in Europe, South America and Asia. As a result, while markets for U.S. products have remained soft, American demand for imported goods has intensified. Foreign oil alone will cost the U.S. an estimated $40 billion this year, or about a third of all imports...
...that over the next 18 months or so the price of raw coffee could gradually decline to about $1 per Ib. on the New York market, which would translate into a retail price somewhere in the $2 range, depending upon quality and brand. That is just above what coffee cost before it zoomed off on its great roller-coaster ride...
Engaged. Glenn Ford, 61, perdurable, softspoken, intense Hollywood leading man, and Actress Cynthia Hayward, 30, his three-year flame. The pear-shaped diamond that the twice-married Ford earlier bestowed upon his bride-to-be was rumored to have cost more than the actor's $400,000 Beverly Hills house. Said Ford at the time: "I gave my lady a ring. A gentleman doesn't discuss how much things cost...